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20120925
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, not unlike greece, spain, europe in general. it seems when people are given the choice of, well, government programs or cutting, they hang on to what they know, or what they have. but ultimately it's leading to a very dangerous path, i think, financially. >> well, i think that california has had a history of always spending more money it takes in. i think ronald reagan went through that big challenge, as you remember, when he became governor, he had to raise taxes, how to figure out how to make the severe cuts that he did. 10 years later, another republican governor had to raise taxes, went through the same problem. 10 years after that, pete wilson became governor, another republican, he had to raise taxes. 10 years later, i had to raise taxes. i hated it. arnold, how can you do that? you promised the people you wouldn't raise taxes. all of a sudden you are there with a $40 billion deficit because the economy took a dive and we had less revenues coming in. >> sean: even the car tax. >> exactly. it's a real clem and real dileml challenge. i was adamant about solving the financial problem of
Search Results 0 to 1 of about 2 (some duplicates have been removed)